Definitions for "Third-Party Logistics"
Outsourcing all or much of a company’s logistics operations to a specialized company.
Third-party providers specialize in warehousing and distribution. They provide cross-dock services that consolidate truckloads of goods and order picking that creates loads.
An outsource strategy that involves hiring another company to manage your supply chain. A third-party logistics (3PL) provider uses its assets, such as warehouses or vehicle fleets, to manage your supply chain. A fourth-party logistics provider also subcontracts others and manages those contractors on behalf of its client.